-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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What a friggin waste of my tax dollars.
That should help cover the costs for about a week or two.
No – maybe only 2 days
Am I the only one who notices that in every photo of the jumpers there are no people who are older in their 60’s-70’s and above. These people are all in their 20’s maybe early 30’s. If it is so bad in their native countries they would have brought elderly family members.
Yes u are correct. They are all young Turks.
They all have families they abandoned back home. Single motherhood in Central and South America is on par with african-american culture in the US. And everyone of these males will form ‘new’ families with American citizen born children, all of whom will vote Democrat.